question on jorc, page-32

John Simpson, Managing Director on Board Room Radio 27 November:

"Australia doesn't really understand how advanced our projects are, and because of the reporting limitations it's very difficult to get across just how progressed they are, but I think...

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when we move into the new year you'll see a lot more understanding coming about."

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Sounds like a pretty big hint to me! What could cause that much of a change in perception except some sort of Indicated Mineral Resource estimate?

From the JORC standard: "An 'Indicated Mineral Resource' is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade, and mineral content can be estimated with a reasonable level of confidence."

We can already tick the box for tonnage, density, grade, physical characteristics, and mineral content in Ross. Once we've got the 3D model in Jan-Feb, tick the box for shape too. And probably for Barber as well by then with drilling continuing throughout xmas.

stochman